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Retail sector that is sure to show highest growth in the coming five years. The sector is rapidly transforming , with the curent players and new-entrants prepare to explore the market. Momentous Growth are expected in the organized retail sector; due to the rapidly increasing consumer demand and availability of real estate.

Moreover, thanks to the increase in the reach of media, high disposable income and availability of variety of brands and services, consumer have become more aware and are seeking only the best.
As a result, both brands and their retailers need to expand further in order to provide the right combination of price, product differentiation, experience, and service to consumers.

There are about 200 new malls, 1400 supermarkets, & 400 department store currently under construction. Many retailers are approaching with huge investments. Most forecasts say that this sector shall touch to US$ 500-700 billion by the year of 2012.

Over next few years India will witness many retail busineses gaining critical mass as growth in the industry expedites, driven by the major aspects such as availability of quality real estate, improved mall-management practices and consumers preference for shopping in new environments.

Future Concerns:
▪ No difference among the malls. This can be possibly countered by looking at specialization;
▪ Little inventory turns and stock availability measures, which make it important for the retailers to enhance their operations.
▪ No integration and coordination in operations of retailers and suppliers: Efficient practices followed in the auto and auto-component industries can be implemented for efficient supply-chain management;
▪ Lack of supplier responsibility, in terms of delivery schedules and delivering the accurate quantity ordered;
▪ sales tax laws : retailers have state level procurement and storage which leads to retailers having higher inventories. VAT has brought slight ease.
▪ Major gaps in areas of supply chain and customer relations, merchandising, facilities management and vendor development: Proactive training is essential for addressing these and other areas

The retail sector is rapidly transforming and is projected to display its highest growth in the next five years. Thus, the current players and new entrants are preparing for the upcoming momentous market growth that will result from rapidly increasing consumer demand and the availability of real estate.

Owing to the increased reach of media, the abundance of disposable income, and a variety of brands and services, consumers have become more ambitious and seek only the best.
Thus, both brands and their retailers must grow and evolve to provide the right combinations of price, product differentiation, experience, and service to consumers.

There are approximately 200 new malls, 1400 supermarkets, and 400 departmental stores currently under construction in India. Many retailers have made huge investments, and forecasters state that the sector will reach USD 500–700 billion by 2012

Over the next few years, India will witness many retail businesses reach critical mass with their growth in the industry, driven by the availability of quality real estate, improved mall-management practices, and consumers’ bias for shopping in new environments.

Future Concerns:
▪ Mall homogeneity. This could be countered with specialization;
▪ Small inventory turnovers and stock availability make it important for the retailers to enhance operations.
▪ No integration and coordination in retailer and supplier operations. Efficient practices used by the auto industry could be leveraged for efficient supply-chain management.
▪ Lack of supplier responsibility in terms of delivery schedules and accurate quantity delivery.
▪ Sales tax laws: Retailers face state-level procurement and storage taxes, which lead them to maintain higher inventories. VAT has eased this a bit.
▪ Major gaps in supply chain and customer relations, merchandising, facilities management, and vendor development: Proactive training is essential for addressing these and other areas.

The Rretailsector is rapidly transforming and that is sure projected 1toshow display the its highest growth in the coming next five years. The sector is rapidly transforming , with Thus, the current2 players andnew-entrants are preparinge for the upcoming toexplore the market. Mmomentousmarket gGrowth are is that will result from expectedin the organized retail sector; due to the rapidly increasing consumer demand and the availability of real estate.3

Moreover, thanks Owingto the increased in the reach ofmedia, the abundance of high disposable income, and availability ofa variety of brands and services, consumershave become more ambitious and are seeking only    4the best.

As a resultThus,both brands and their retailers need tomust expandgrow and evolve 5further in order to provide the right combinations of price, product differentiation, experience, and service to consumers.

There are about approximately 200 new malls, 1400 supermarkets, & and 400 departmentalstorescurrently under construction6 in India. Many retailers are approaching withhave made huge investments, and. Most forecasters saystate that thisthe sector shall touch towill reachUSD$ 7500-700 billion by the year of 82012.

Over the next few years, India will witness many retail businesses gainingreach critical mass as with their growth in the industry expedites, driven bythe major aspects such as the availability of quality real estate, improved mall-management practices and consumers’ preference bias 9for shopping in new environments.

FutureConcerns:

▪ No difference among the mallsMall homogeneity10. This can be possibly couldbe countered by looking at with specialization;

▪ Little Small inventoryturnoversand stock availability measures, which 11make it important forthe retailers to enhance their operations.

▪ No integration and coordination in operations of retailers and suppliers operations12.:Efficient practices followed in used by the auto and auto-component industries industry can couldbe leveraged implementedfor efficient supply-chain management.;

▪ Lack of supplier responsibility,13 in terms of delivery schedules and delivering the accurate quantity deliveryordered.;

▪ Ssalestax laws.  :Rretailershave face state level procurement and storage taxes14, which leads them toretailer shavingkeepmaintain15 higher inventories. VAT has brought slight eased this a bit.

▪ Major gaps in areas of supply chain andcustomer relations, merchandising, facilities management, and vendor development: Proactive training isessential for addressing these and other areas.